Solstice Minerals ramps up Nanadie drilling after standout copper-gold results

Solstice Minerals Limited ( (AU:SLS) ) has issued an announcement.

Solstice Minerals reported a step-change quarter driven by outstanding Phase 1 reverse circulation drilling results at its 100%-owned Nanadie Copper-Gold Project in Western Australia. The 23-hole, 6,030m program returned the strongest intercepts recorded at the project, with multiple wide, high-grade copper-gold intervals at or above current resource grades, extending mineralisation laterally, along strike, and at depth.

These results have prompted an expanded and accelerated Phase 2 drill campaign incorporating reverse circulation and diamond drilling to define higher-grade zones and pursue resource growth. Supported by a recently completed $32.6 million equity placement that lifted its cash position to $48.4 million, Solstice now has funding to sustain Mineral Resource Estimate expansion, ongoing exploration and early-stage studies, positioning Nanadie as a strategically important copper inventory in a tightening global copper market.

The most recent analyst rating on (AU:SLS) stock is a Buy with a A$1.85 price target. To see the full list of analyst forecasts on Solstice Minerals Limited stock, see the AU:SLS Stock Forecast page.

More about Solstice Minerals Limited

Solstice Minerals Limited is an Australia-based mineral exploration company focused on copper and gold projects in Western Australia. Its flagship asset is the 100%-owned Nanadie Copper-Gold Project in the Goldfields region, where it is targeting large-scale, higher-grade copper-gold mineralisation to build a significant resource base in a market of growing copper demand and constrained global supply.

Average Trading Volume: 979,235

Technical Sentiment Signal: Buy

Current Market Cap: A$181.8M

For an in-depth examination of SLS stock, go to TipRanks’ Overview page.